Las Vegas Police have apprehended the suspect in the December 2010 robbery at the Bellagio Resort & Casino resulting in stolen chips whose face value totaled nearly $1.5 million, according to Singularity Hub.

The chips with denominations of $100 to $25,000 were reportedly embedded with RFID tags which after being stolen allowed the Bellagio to deactivate the chips, rendering them nonredeemable for cash value.

According to reports, 29-year-old Anthony Cerleo was taken into custody after officers arrange a sting. Carleo, after discovering that the chips were worthless, was attempting to sell the higher denomination chips to undercover officers before the Bellagio completely discontinued them.